Normally, on this blog, I don’t get into politics much. When something is directly related to real estate I might venture an opinion, but aside from that I stay pretty silent.
But I ran across something while researching for a post on another of my blogs… and I feel it is VERY important.
In 1920 there was a serious downturn in the US economy. In fact, it still ranks as the largest one year drop in economic output… making any year of the Great Depression look tame.
As I research it, I think it is important to point out the differences in the reaction of the government to the 1920 Depression, the 1929-1942 Depression and the 2008 Recession.
I’m writing a series of posts on one of my other blogs about this depression, comparing it to the Great Depression and the latest recession. I just wanted to link it here so that those interested could take a look…